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Marketing efforts produced more than 283 confidentiality agreements/offering memoranda and through the team's managed-bid offer process, 19 offers were generated to purchase the property.
This key downtown Houston block with tunnel access is re-emerging as a prime retail opportunity, thanks to the Bayou City-based duo of Capital Retail Properties and Identity Architects.
A first mortgage bridge loan in the amount of $35 million provided the financing for the acquisition and renovation of both interior and exterior capital improvements of a multifamily property.
The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area at 11340 Alamo Ranch Pkwy. in San Antonio.